Grupo Banistmo
Panamanian financial services company
![]() | |
Industry | Financial services |
---|---|
Founded | 1984; 40 years ago (1984) |
Defunct | 2006 (2006) |
Fate | Acquired by HSBC Holding |
Key people | Alberto Vallarino Clement (President/CEO) |
Grupo Banistmo was a Panamanian financial services company, and the largest in Central America. It was founded in 1984. In 1999 it began an expansion strategy that has resulted in the acquisition of banks in several Central American countries, as well as Colombia and the Bahamas. It was the holding company of Primer Banco del Istmo, S.A. or Banistmo, the largest bank in Panama. Its President and Chief Executive Officer was Alberto Vallarino. In November 2006 it was acquired by HSBC Holdings plc,[1] and merged with HSBC Bank (Panama) S.A., the bank's existing subsidiary in 2007. In 2013 Bancolombia Group acquired HSBC Panama and renamed it Banistmo.[2]
References
See also
- HSBC Mexico
- v
- t
- e
![](http://upload.wikimedia.org/wikipedia/commons/thumb/3/3d/HSBC_%E6%BB%99%E8%B1%90_%28logo_only%29.svg/21px-HSBC_%E6%BB%99%E8%B1%90_%28logo_only%29.svg.png)
- The Hongkong and Shanghai Banking Corporation
![The logo of HSBC](http://upload.wikimedia.org/wikipedia/commons/thumb/a/aa/HSBC_logo_%282018%29.svg/150px-HSBC_logo_%282018%29.svg.png)
- Kathleen Casey
- Laura Cha
- Henri de Castries
- Jonathan Evans
- David Nish
- Noel Quinn
- Mark Tucker
- Argentina
- Australia
- Mainland China
- Egypt
- Continental Europe
- Germany
- Hong Kong
- India
- Malaysia
- Malta
- Middle East
- Mexico
- Poland
- Saudi Arabia
- Sri Lanka
- Taiwan
- Turkey
- United Kingdom
- United States
- Bank of Communications (19%)
- Canara HSBC Life Insurance (26%)
- HSBC Saudi Arabia (60%)
- SABB (40%)
- Techcombank (15%)
- Bank of British Columbia
- Barclays Bank Canada
- Beneficial
- Continental Bank of Canada
- Crédit Commercial de France
- Greenwich Savings Bank
- Grupo Banistmo
- Guyerzeller
- Household
- Imperial Bank of Persia
- Lloyds Bank Canada
- Marine Midland Bank
- Midland Bank
- Republic New York
- Samuel Montagu & Co.
- Williamsburgh Savings Bank
Category
Commons